NEW YORK ( TheStreet) -- Gerdau (NYSE: GGB) hit a new 52-week low Tuesday as it is currently trading at $6.62, below its previous 52-week low of $6.63 with 7.3 million shares traded as of 2:15 p.m. ET. Average volume has been 10 million shares over the past 30 days. Gerdau has a market cap of $12.2 billion and is part of the basic materials sector and metals & mining industry. Shares are down 51.1% year to date as of the close of trading on Monday. Gerdau S.A. engages in the production and sale of steel products in Brazil and internationally. The company has a P/E ratio of 5.9, below the average metals & mining industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7.
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